28 Mar 2017 Bayelsa community hails govt on integration of illegal refineries
Bayelsa State business community has hailed the Federal Government’s plan to integrate illegal oil operations into the proposed modular refineries to be established in the Niger Delta.
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28 Mar 2017 Promoting private refineries in the Niger Delta
The move by the Buhari administration to legalise the so-called “illegal” refineries in the Niger Delta into modular refineries is a positive step in the right direction. It has been the desire of patriotic Nigerians to have the refineries licensed and controlled rather than having them destroyed with severe consequences
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27 Mar 2017 Niger Delta - Buhari Bows to Pressure, Moves to Recognize Illegal, Local Refineries
At last, President Muhammadu Buhari has caved in to pressure to recognize illegal and local refineries that dotted the Niger Delta.
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27 Mar 2017 Oil firm returns N62 billion to NNPC aftermath controversial crude swap deal under Jonathan
The Nigerian National Petroleum Corporation, NNPC, said on Monday it had reached a final settlement with AITEO Group over an outstanding $202.4 million (about N62 billion) debt in respect of under-delivery of petroleum products under the crude swap contract between 2012 and 2014.
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26 Mar 2017 Taleveras makes $17m commitment to NNPC on $184m crude swap under-deliveries
The Nigerian National Petroleum Corporation, NNPC has pledged to provide members of the public through the mass media with up-to-date information on the ongoing effort by the Corporation to sanitize the record books through the painstaking reconciliation of the transactions executed during the defunct crude for product swap regime.
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23 Mar 2017 Crude swap: NNPC debunks claims Aiteo is owing, says Bonga FPSO shut down will be well managed
The Nigerian National Petroleum Corporation (NNPC) has debunked claims that Aiteo Eastern Exploration and Production Company is among the oil firms it is allegedly set to recover crude oil allocation accruals worth $42 million from spanning 2012 through 2014.
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23 Mar 2017 Troops Destroy Illegal Refinery In Rivers
Troops of 6 Division of the Nigerian Army in Rivers have destroyed an illegal refinery at Buguma, Rivers, to checkmate crude oil theft, illegal bunkering and refineries.
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21 Mar 2017 Niger Delta Youths: Modular Refineries Will Stop Oil Theft, Bunkering
Niger Delta youths under the umbrella of the Niger Delta Youths for Peace and Economic Development (NDYPED) has called on the federal government to fulfill its promise to legalise and implement the ‘modular refineries’ in the region as promised by Vice President Yemi Osinbajo.
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20 Mar 2017 Abuse of Oil Resources and Widespread Corruption: The Vicious Circle Causes for Conflict and Abject Poverty
Corruption is not a new phenomenon to the African continent and its huge populations, it has been eating up every sphere of the continent especially corruption prone states in Africa.
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20 Mar 2017 Lagos Taskforce Nabs 43 Oil Bunkering Suspects, Seals Off Property
The operatives of the Lagos State Task Force at the weekend nabbed 43 oil bunkering suspects and sealed-off a property with 2.5 million litres of alleged adulterated diesel at the Alausa area of Ikeja.
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20 Mar 2017 Multi-Billion Dollar Gas Projects Linger On
It is now 12 years since former President Olusegun Obasanjo conceived the Brass Liquefied Natural Gas (Brass LNG) project, designed to produce 10 million metric tonnes of Liquefied Natural Gas (LNG) per annum. It was to be built by the Nigerian National Petroleum Corporation (NNPC), Total, ConocoPhillips and Eni Group, and delivered in 2009 but that didn't happen.
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19 Mar 2017 Capital Oil denies diverting N11bn missing NNPC’s petrol
THE management of Capital Oil and Gas Limited has denied it diverted 100 million litres of premium motor spirit (PMS), otherwise called petrol, belonging to the Nigerian National Petroleum Corporation (NNPC) and the company accused the Corporation of sabotage.
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19 Mar 2017 Ex-CDS Petinrin, Others Summoned Over Non-prosecution Of Oil Thieves
The House of Representatives committee on public petitions has summoned a former chief of defence staff, Air Chief Marshal Oluseyi Petinrin an the Joint Task Force Commander, Suleiman Apochi to appear before it on Tuesday.
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19 Mar 2017 Modular refineries, modular problems? Business of illegal oil refining in Niger Delta
looks at the issue of illegal refinery in the Niger Delta and how modular technology can ease the country’s perennial fuel shortage.
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19 Mar 2017 The Renewed Call for Passage of PIB
Realising that the continued delay in the passage of the Petroleum Industry Bill, a law that could rewrite extant operational anomalies in Nigeria’s oil and gas sector was hurting the industry and the nation, the Nigerian National Petroleum Corporation asked the National Assembly to expedite action in making it a law
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17 Mar 2017 Missing Petrol: After PREMIUM TIMES report, NNPC moves to recover N11 billion from Capital Oil
The Nigerian National Petroleum Corporation, NNPC, said on Friday it was fully committed to implementing various measures it considered necessary to achieve full recovery of its missing petroleum products stored in the facilities of two indigenous downstream operators in Lagos.
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14 Mar 2017 Seized Oil Tanker with 8 Crew Anchored Off Somalia Coast
The hijackers who seized an oil tanker and its eight-man crew off Somalia are demanding “compensation” for a rise in illegal fishing in Somali waters.
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6 Mar 2017 Before oil majors relocate to Niger Delta
The news report over the weekend indicates that the Federal Government has “directed” oil companies operating in Nigeria to relocate their headquarters to the Niger Delta where their main exploration and production activities take place
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6 Mar 2017 Ex-militant commends Osinbajo over oil firm relocation to Niger Delta
A Niger Delta Ex-Militant on Monday applauded Acting President Yemi Osinbajo for directing oil firms to relocate their headquarters to the oil bearing states within the Niger-Delta region
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6 Mar 2017 Ex-militants pledge to make region conducive for oil companies – Boroh
Boroh also told newsmen that the amnesty programme has had a great impact on the ex-militants.
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6 Mar 2017 Shell shuts down Nigeria’s first deepwater oil field
Shell Nigeria Exploration and Production Company Limited, on Monday, said it had shut down production from Bonga field to enable it commence turnaround maintenance.
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